Urgently Notified By Nasdaq Of Non-Compliance With Nasdaq’s Continued Listing Standards
Urgently Inc. (Nasdaq: ULY), a leading U.S. digital roadside and mobility assistance technology provider, has received a notification from Nasdaq regarding non-compliance with continued listing standards. The company's net income from continuing operations has fallen below the minimum requirement for the Nasdaq Capital Market.
The company fails to meet alternative requirements including market value of listed securities and stockholders' equity. Urgently has until May 5, 2025 (45 calendar days) to submit a compliance plan to Nasdaq. If accepted, Nasdaq may grant up to 180 calendar days extension from the notice date.
While Urgently intends to submit the compliance plan within the required timeframe, there is no guarantee of Nasdaq's acceptance or the company's ability to regain and maintain compliance with listing standards.
Urgently Inc. (Nasdaq: ULY), un importante fornitore statunitense di tecnologia per assistenza stradale digitale e mobilità, ha ricevuto una notifica da Nasdaq riguardo alla non conformità agli standard di quotazione continuativa. Il reddito netto delle operazioni continuative dell'azienda è sceso al di sotto del requisito minimo per il Nasdaq Capital Market.
L'azienda non soddisfa i requisiti alternativi, inclusi il valore di mercato dei titoli quotati e il patrimonio netto degli azionisti. Urgently ha tempo fino al 5 maggio 2025 (45 giorni di calendario) per presentare un piano di conformità a Nasdaq. Se accettato, Nasdaq può concedere un'estensione fino a 180 giorni di calendario dalla data della notifica.
Sebbene Urgently intenda presentare il piano di conformità entro il termine richiesto, non c'è garanzia dell'accettazione da parte di Nasdaq o della capacità dell'azienda di riconquistare e mantenere la conformità agli standard di quotazione.
Urgently Inc. (Nasdaq: ULY), un proveedor líder de tecnología de asistencia en carretera digital y movilidad en EE. UU., ha recibido una notificación de Nasdaq sobre el incumplimiento de los estándares de cotización continua. Los ingresos netos de las operaciones continuas de la empresa han caído por debajo del requisito mínimo para el Nasdaq Capital Market.
La empresa no cumple con los requisitos alternativos, incluidos el valor de mercado de los valores cotizados y el patrimonio de los accionistas. Urgently tiene hasta el 5 de mayo de 2025 (45 días calendario) para presentar un plan de cumplimiento a Nasdaq. Si es aceptado, Nasdaq puede otorgar una extensión de hasta 180 días calendario desde la fecha de la notificación.
Aunque Urgently tiene la intención de presentar el plan de cumplimiento dentro del plazo requerido, no hay garantía de la aceptación por parte de Nasdaq ni de la capacidad de la empresa para recuperar y mantener el cumplimiento de los estándares de cotización.
Urgently Inc. (Nasdaq: ULY), 미국의 주요 디지털 도로 및 이동 지원 기술 제공업체가 Nasdaq으로부터 지속적인 상장 기준 비준수에 대한 통지를 받았습니다. 지속 운영에서의 순이익이 Nasdaq 자본 시장의 최소 요구 사항 아래로 떨어졌습니다.
회사는 상장된 증권의 시장 가치와 주주 자본을 포함한 대체 요구 사항을 충족하지 못하고 있습니다. Urgently는 Nasdaq에 준수 계획을 제출할 수 있는 기한이 2025년 5월 5일 (45일)까지입니다. 만약 수락된다면, Nasdaq은 통지일로부터 최대 180일 연장을 허용할 수 있습니다.
Urgently는 요구된 시간 내에 준수 계획을 제출할 의도가 있지만, Nasdaq의 수락이나 회사가 상장 기준을 회복하고 유지할 수 있는 능력에 대한 보장은 없습니다.
Urgently Inc. (Nasdaq: ULY), un fournisseur majeur américain de technologie d'assistance routière numérique et de mobilité, a reçu une notification de Nasdaq concernant le non-respect des normes de cotation continue. Le revenu net des opérations continues de l'entreprise est tombé en dessous du minimum requis pour le Nasdaq Capital Market.
L'entreprise ne respecte pas les exigences alternatives, y compris la valeur de marché des titres cotés et les capitaux propres des actionnaires. Urgently a jusqu'au 5 mai 2025 (45 jours calendaires) pour soumettre un plan de conformité à Nasdaq. Si accepté, Nasdaq peut accorder une prolongation allant jusqu'à 180 jours calendaires à partir de la date de notification.
Bien qu'Urgently ait l'intention de soumettre le plan de conformité dans les délais requis, il n'y a aucune garantie que Nasdaq l'acceptera ou que l'entreprise sera en mesure de retrouver et de maintenir la conformité aux normes de cotation.
Urgently Inc. (Nasdaq: ULY), ein führender Anbieter von digitaler Straßen- und Mobilitätsunterstützungstechnologie in den USA, hat eine Benachrichtigung von Nasdaq über die Nichteinhaltung der fortlaufenden Listungsstandards erhalten. Der Nettogewinn aus fortgeführten Betrieben des Unternehmens ist unter die Mindestanforderung für den Nasdaq Capital Market gefallen.
Das Unternehmen erfüllt die alternativen Anforderungen nicht, einschließlich des Marktwerts der gelisteten Wertpapiere und des Eigenkapitals der Aktionäre. Urgently hat bis zum 5. Mai 2025 (45 Kalendertage) Zeit, um einen Compliance-Plan bei Nasdaq einzureichen. Wenn dieser akzeptiert wird, kann Nasdaq eine Verlängerung von bis zu 180 Kalendertagen ab dem Benachrichtigungsdatum gewähren.
Obwohl Urgently beabsichtigt, den Compliance-Plan innerhalb des erforderlichen Zeitrahmens einzureichen, gibt es keine Garantie für die Akzeptanz durch Nasdaq oder die Fähigkeit des Unternehmens, die Einhaltung der Listungsstandards wiederzuerlangen und aufrechtzuerhalten.
- Company maintains opportunity to submit compliance plan and potentially receive extension
- Failed to meet Nasdaq's minimum net income requirement
- Does not meet market value of listed securities requirement
- Failed to meet stockholders' equity requirement
- Risk of potential delisting from Nasdaq
Insights
Urgently's Nasdaq non-compliance notice represents a severe regulatory challenge with significant investor implications. The company has failed to meet all three alternative listing requirements: net income, market value of listed securities, and stockholders' equity thresholds for the Nasdaq Capital Market.
This notification initiates a structured remediation process with critical deadlines: a 45-day window (until May 5) to submit a compliance plan, followed by a potential 180-day extension if Nasdaq accepts their proposal. However, the multiple compliance failures suggest deep-rooted financial issues rather than a temporary setback.
For context, Nasdaq delisting proceedings typically trigger immediate market reactions, regardless of the extended timeline. Historical patterns show that companies receiving such notices face substantial hurdles to regaining compliance, particularly when failing multiple criteria simultaneously. The company's own language - repeatedly emphasizing "no assurance" of successful resolution - signals significant uncertainty.
Investors should recognize this as a material risk event that fundamentally changes the investment thesis. Delisting would severely restrict trading liquidity, eliminate institutional investment from holders with listed-securities-only mandates, potentially trigger debt covenant violations, and generally reduce market visibility and access to capital.
This non-compliance notification reveals critical underlying financial weakness at Urgently. Failing to meet all three alternative listing criteria indicates systematic financial distress rather than an isolated metric issue. While specific figures aren't disclosed, this suggests persistent negative net income, inadequate stockholders' equity, and insufficient market capitalization relative to Nasdaq's minimum thresholds.
With a current market cap of
Companies in this position typically pursue one or more emergency measures: dilutive capital raises, divesting assets, aggressive cost-cutting, or reverse stock splits. Each of these approaches carries significant downsides for existing shareholders. The absence of any preliminary compliance strategy in this announcement is particularly concerning.
Management now faces a difficult balancing act between short-term compliance maneuvers and addressing fundamental business challenges. The compliance process itself creates additional burdens: heightened reporting requirements, consulting expenses, and management distraction from core operations. For a company already struggling financially, these additional demands further complicate recovery efforts and increase execution risk for any turnaround strategy.
Intends to Submit Compliance Plan to Nasdaq
VIENNA, Va., March 24, 2025 (GLOBE NEWSWIRE) -- Urgent.ly Inc. (Nasdaq: ULY) (“Urgently”), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, announced today that The Nasdaq Stock Market LLC (“Nasdaq”) notified Urgently (the “Notice”) that Urgently’s net income from continuing operations had fallen below the minimum requirement for continued listing on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(3) (the “Minimum Net Income Requirement”). The Notice also noted that the Urgently does not meet the alternatives of market value of listed securities or stockholders’ equity (collectively with the Minimum Net Income Requirement, the “Continued Listing Standards”).
In accordance with Nasdaq Listing Rule 5810(c)(2)(C), Urgently has 45 calendar days, or until May 5, 2025, to provide Nasdaq with a plan to regain compliance with the Continued Listing Standards (the “Compliance Plan”). If Nasdaq accepts the Compliance Plan, Nasdaq may grant an extension of up to 180 calendar days from the date of the Notice. If Nasdaq does not accept the Compliance Plan, then the Nasdaq staff will provide written notification to Urgently that its common stock will be subject to delisting. Urgently may appeal any such determination to delist its securities, but there can be no assurance that any such appeal would be successful.
Urgently intends to submit the Compliance Plan to Nasdaq within the required time period. There can be no assurance that Nasdaq will accept the Compliance Plan, or that Urgently will be able to regain compliance with the Continued Listing Standards or maintain compliance with any other Nasdaq requirement in the future.
About Urgently
Urgently is focused on helping everyone move safely, without disruption, by safeguarding drivers, promptly assisting their journey, and employing technology to proactively avert possible issues. The company’s digitally native software platform combines location-based services, real-time data, AI and machine-to-machine communication to power roadside assistance solutions for leading brands across automotive, insurance, telematics and other transportation-focused verticals. Urgently fulfills the demand for connected roadside assistance services, enabling its partners to deliver exceptional user experiences that drive high customer satisfaction and loyalty, by delivering innovative, transparent and exceptional connected mobility assistance experiences on a global scale. For more information, visit www.geturgently.com.
For media and investment inquiries, please contact:
Press: media@geturgently.com
Investor Relations: investorrelations@geturgently.com
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Urgently cautions you that statements included in this press release that are not a description of historical facts are forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding Urgently’s ability to regain compliance with the Continued Listing Standards and Urgently’s intentions to submit a Compliance Plan to Nasdaq within the required time period. Urgently’s actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of important risks and uncertainties, including without limitation the risk that Urgently may not meet the Continued Listing Standards during any compliance period or in the future, the risk that Nasdaq may not grant Urgently relief from delisting, and the risk that Urgently may not ultimately meet applicable Nasdaq requirements after such relief, if any, is granted, among other important risks and uncertainties. A further description of the risks and uncertainties relating to the business of Urgently is contained in Urgently’s most recent annual report on Form 10-K filed with the Securities and Exchange Commission. Urgently undertakes no duty or obligation to update any forward-looking statements contained in this press release as a result of new information, future events or changes in its expectations.
FAQ
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